Hitech Corporation Ltd Stock Analysis

BSE: 526217 | NSE: HITECHCORP | Plastic Products | Small Cap

BSE Share Price 08-Feb-2023 18:01
221.30 2.55 (1.17%)

DeciZen - Make an Informed Decision on Hitech Corporation

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

Hitech Corporation Price Chart

P/E Ratio ( SA) :
10.27
Market Cap :
380.1 Cr.
52-wk low :
205.4
52-wk high :
337.5
Bole Toh?

1. Is Hitech Corporation Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Hitech Corporation Ltd is a average quality company.

2. Is Hitech Corporation Ltd undervalued or overvalued?

The key valuation ratios of Hitech Corporation Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Hitech Corporation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Hitech Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Hitech Corporation:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Hitech Corporation Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10.8%8.8%9.7%10.2%6.9%4.8%6.1%6.1%7.8%13%-
Value Creation Index -0.2-0.4-0.3-0.3-0.5-0.7-0.6-0.6-0.4-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 256271465393367388462460447588600
YoY Gr. Rt. %-5.9%71.5%-15.6%-6.5%5.8%18.9%-0.4%-2.8%31.6%-
Adj EPS 5.32.94.68.15.42.23.62.77.417.621.6
YoY Gr. Rt. %--46%58%78.5%-34%-59%63.6%-23.9%168.6%139.1%-
BVPS (₹) 62.36474.278.983.987.395.796.3106126.3135
Adj Net Profit 73.86.913.99.23.86.24.712.630.237
Cash Flow from Ops. 36.617.538.641.237.342.785.656.364.872.7-
Debt/CF from Ops. 1.94.11.80.92.93.82.13.22.21.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 9.7%9.9%8.4%31.6%
Adj EPS 14.2%26.8%69.7%139.1%
BVPS 8.28.59.719.2
Share Price 14.9% 6% 38.2% -22.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 8.84.668.95.92.63.92.97.315.216.5
Op. Profit Mgn % 11.410.78.711.69.59.61112.814.314.614.2
Net Profit Mgn % 2.71.41.53.62.511.312.85.16.2
Debt to Equity 0.80.80.50.20.81.11.11.10.80.40.1
Working Cap Days 71676610813014111194906852
Cash Conv. Cycle 424042647281675550397

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.50%

Net Profit is growing at healthy rate in last 3 years 69.72%

Debt to equity has declined versus last 3 years average to 0.44

Sales growth has been subdued in last 3 years 8.41%

Sales growth is not so good in last 4 quarters at 7.08%

Latest Financials - Hitech Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 21.6 6.2
TTM Sales (₹ Cr.) 600 419
BVPS (₹.) 135 0
Reserves (₹ Cr.) 215 109
P/BV 1.64 0.00
PE 10.27 35.79
From the Market
52 Week Low / High (₹) 205.40 / 337.50
All Time Low / High (₹) 1.00 / 337.50
Market Cap (₹ Cr.) 380
Equity (₹ Cr.) 17.2
Face Value (₹) 10
Industry PE 20.7

Management X-Ray of Hitech Corporation :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Hitech Corporation

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Hitech Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Hitech Corporation on 08-Feb-2023 18:01 is : 221.3.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Feb-2023 18:01 the market cap of Hitech Corporation stood at ₹ 380.1.
The latest PE ratio of Hitech Corporation as of 08-Feb-2023 18:01 is 10.27.
The latest PB ratio of Hitech Corporation as of 08-Feb-2023 18:01 is 1.64
The 52-week high of Hitech Corporation is ₹ 337.5 and the 52-week low is ₹ 205.4.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Hitech Corporation is ₹ 600.0 ( Cr.) .

About Hitech Corporation Ltd

Hitech Plast (HPL) incorporated in 1991; is engaged in the manufacturing and marketing of innovative polymer products to various industries paints, personal care and cosmetic packaging, agro chemicals and lube, health and pharma products, confectionary and retail household products.

HPL has two subsidiaries, namely Clear Plastics and Mipak Polymers. The company has manufacturing units located at Guwahati(Assam), Dadra (Silvassa), Daman, Umergaon (Gujarat), Sitargunj (Uttarakhand), Baddi (Himachal Pradesh), Sarigam (Gujarat), Naroli (Silvassa), Puducherry and Pune.

Currently the company can manufacture containers in the size of 1/5 litre to 20 litres.

The company has entered into a technical collaboration with CHT Design Services Pty, Australia to manufacture 20 litre containers known as DG Pail. The company has seen wide acceptance for this product by he lubricants, paints, chemicals, and food industries.

The company’s manufacturing units have received ISO 9001:2000, IS0 14001:2004, OHSAS 18001:1999, and ISO 22000:2005 certifications for its quality management.

The company caters to 6 sectors, viz. Paints, Consumer Goods, Pesticides, Lube, Health care and Industrial. The company has clientele namely Asian Paints, Nerolac, Castrol, Pear, Dove, Sandoz and many more.

Milestone

1991- The company was incorporated.

1992- Company entered a technical collaboration with Flamegrace, USA – Exclusive license to manufacture “BoCans”.

1996- The company signed license agreement with CHT design services Pty to for manufacturing L 20 containers, DG pail.

1999- The company started production of DG Pails with unique Plifer Proof Design.

2001- The Company acquired 51% in Multitech Plast Containers having its unit in Silvassa.

2003- The company acquired stakes in Clear Plastics group of companies.

2004- HPL started setting up a new manufacturing unit at Puducherry and Baddi, Himachal Pradesh, through CPL.

2005- The company established a new manufacturing unit at Sri Perumbudur in Tamil Nadu.

2006- HPL acquired shares in Mipak polymers.

2007-Company started setting up of new manufacturing unit at Sitargunj, Uttarakhand.

2010 -  Establishment of new manufacturing unit at Rohtak, Haryana
           Established technology centre for design & development of moulds at Pune.
2013 - Consolidated Daman unit with Dadra and Masat with Galonda
Started commercial production in new manufacturing unit at Khandala.

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